What is a Survey?

If you need a mortgage to buy your new home, then your mortgage lender will normally require a valuation to be carried out. This is NOT a survey, but an assessment of the security of the property for loan purposes for the BENEFIT OF THE LENDER. It answers only the lender's questions concerning the appropriate security for your loan, and not your own questions regarding your personal interest in the property.

Buying a house will be one of the largest financial commitments you will ever make, and if you want a good understanding of the condition and value of your potential new property, then you should seriously consider having a Building Survey or a RICS Homebuyer Survey and Valuation Report carried out.
Buildings are made up of varied components which at first glance to the untrained eye may look structurally sound but could conceal defects. Therefore to avoid any nasty surprises it is best to have a better knowledge of the property's condition. Home owners may undertake their own alterations, whether it's an extension or some internal alteration, without being aware of the structural implications. This could result in you having to incur additional cost to put things right on top of your purchase expenses.
A survey carried out by one of our highly qualified Chartered Surveyors will provide you with the advice you need to make an informed decision about the value of your prospective new property.





